Sunday 6 July 2014

duress or just like a boss

Spiegel's International Desk (auf Englisch) features an interview with the one of the Fugitive’s lawyers and another former agency contractor regarding the US intelligence apparatchik's unflagging pursuit of complete, omnipotent surveillance and Germany's relationship as a junior partner. The short but insightful piece equates that drive to a form of state-sanctioned religion, having one self-same loftier aim of population-control, foiled with another much more mundane and human of having the economic upper-hand and influence over government regulation in business and for emerging technologies. Of course I rationally understood these sort of goals, especially being able to poll the mood of mergers and acquisitions or trade agreements before they were put before national assemblies or eked out to a public, with or without any input into the proposal, and adjust language and sciency-sounding reviews accordingly.
I knew that the US government and its branches were basically indentured servants, in peonage, to its corporate masters. I held on to one or two naรฏve beliefs, however, until hearing how the agency had enjoyed an uneasy but privileged spot in its host-nation of Germany since the conclusion of WWII, and all checks and balances and feet-dragging were summarily dismissed in the wake of 9/11, when even despite public renunciation of the aggression, Germany became an unquestioning staging-ground. Privately—at least among politicians—the grief and guilt that Germany had to bear over having allowed the 9/11 hijackers to reside in their country was something graver than the other guilt and shame that Germany already carried and had no choice in this polite world other than to acquiesce. That—for me, instantly dispelled any room for some fretful but ultimately benevolent ideology or unbridled patriotism driving America's businesses' posture and insatiable hunger for control and dominance at any cost. The public face of it, the Department of Homeland Security, the National Security Agency (nor of no other country neither), are just costly work-horses and can visit no end of humiliation and intimidation upon individuals—costly as well in terms of political capital and good-will, but that price is dwarfed by what corporations, which know no allegiance nor shame, stand to gain and tithe the government for its services. This exercise is far from one in security, and despite pretensions and campaigns to the contrary, it is solely concerned with maintaining and increasing treasure and comfort for the few.

Saturday 5 July 2014

smarty pants

Kottke shares an addictive game that combines trivia with a familiar cartographic platform, called Smarty Pins. It's pretty fun and challenging and one is allowed to keep playing as long as one has a balance of kilometers left—when you put the marker down in the wrong spot, it deducts the difference in distance from one's round but one can always keep on playing and track one's achievements.

Friday 4 July 2014

boat-people or sacco and vanzetti

Leadership in the Italian navy has fears that terrorists may be trying to seek anonymously into Europe by migrant boats, refugee processing centres and camps having been over-whelmed for some time by the huge numbers of people fleeing strife and poverty in Africa. Thousands are risking their lives on a very difficult and dangerous journey across the Mediterranean to a safe haven island, and then, having survived, are greeted with an uncertain reception.

While this may turn out to be a tenably horrendous act, and it is an important warning—though European governments are not exactly blinded by magnanimity when it comes to immigration—warning the press on such concerns (aside from promulgating misconceptions, which might have contributed to mass egresses all over) seems to serve little purpose other than to galvanise public-opinion on the matter. Historically, the press and politicians have always made such claims about immigrant groups, sculpted to the fears of the times—being anarchists, atheists, communists or disease-ridden. Though reporting ought to take place and it certainly a prerequisite that receiving nations be able to care for and shelter those they take in with dignity, making a humanitarian crisis look to be an open, back-door invitation for terrorism seems just the latest incarnation of stereotyping and xenophobia. Though a generation or more has elapsed since colonial rule ended—meaning colonialism and empire in all its awful forms, it was the Pieds-Noirs hot-footing it out of their former mandates and leaving many of these lands in chaos.

one percenters or singing for your supper

Although there have been recent developments in the court room that seem to favour hyper-capitalism, I suspect that litigation between the government of Argentina and a hedge-fund manager is far from over. When the South American nation's economy was down-and-out and on the verge of collapse, a band of merry angel investors bought up bonds at a few pennies on the dollar. Now that the Argentine economy is back on its feet and the bonds have matured, from being not worth the paper they were printed on to being worth billions of dollars (on paper) and the hedge-fund team is demanding payment in full. Never mind that making this payment would destroy the Argentine market all over again and the their initial predatory investment did not in anyway help the country to extract itself from the financial mess, which is ostensibly why countries expose themselves to such vultures in the first place. US judges have again ruled that the hedge-fund manager has the right to his claim—though it would be nothing more than a Pyrrhic victory. Though smug and satisfied with this impossible ruling, I think that they would like nothing more than to see the proceedings drag on and only threaten to foreclose on Argentina, since that's what banks do best.  As sad as this tale is, it is not unique.
With historically low interest rates, banks are disinclined still to lend to mere mortals when or conduct the non-swash-buckling daily work of the institutions, being that the banks themselves can afford to borrow money from central banks the world over at say one percent interest and use that loan to purchase government bonds and securities, which pays dividends back to the bank of two to three percent, effectively making the government pay banks for this bit of the banksters' entertainment. Why would the bother with anything else than this safe and secure scheme? Government and the markets conspire to keep this economic theatre going, making cosmetic adjustments here and there when the system looks in danger of collapse.